China job market risks go beyond unemployment

2015 ◽  
Keyword(s):  
Young People ◽  
Labour Market ◽  
Unemployment Rate ◽  
Economic Uncertainty ◽  
Job Market ◽  
Content Type ◽  
Market Risks ◽  
Entrepreneurial Spirit ◽  
The Government ◽  
New Jobs

Subject Labour market conditions in China. Significance China’s official unemployment rate in 2014 was 4.09%, up from 4.05% in 2013. For the three previous years, it had stood still at exactly 4.10%. These implausible data give the illusion of stability during a period of slowing growth and economic uncertainty, and obscure a complex and volatile labour market that now presents a serious challenge to the government. The government is well aware of the pressures on the labour market and has stated its intention to create 10 million new jobs this year. Impacts Fewer young people will enter the workforce, and those who do will have much higher expectations. An older workforce means higher wage demands and the payment of pensions and medical insurance. China will have to find suitable employment for an increasing number of graduates; 7.5 million this year alone. Vocational and on-the-job training will have to revamped and invigorated to meet the demands of both employers and employees. The government's reliance on 'entrepreneurial spirit' to create new jobs could create more social tension.

Japan's bright jobs data hide gloomier reality

2017 ◽  
Keyword(s):  
Labour Market ◽  
Unemployment Rate ◽  
Quarter Century ◽  
Content Type ◽  
Job Offers ◽  
Part Time ◽  
High Employment ◽  
New Jobs

Subject Japan's labour market. Significance The number of people with jobs is near its all-time high. Employment has increased in year-on-year terms for 58 straight months. The 2.8% unemployment rate is the lowest in a quarter-century, and there are more than two new jobs for every applicant. However, Japan still has a labour surplus, because many employed people work only part-time. Impacts Retail and other services in particular will face labour shortages. Employers will be forced to consider enhancing job offers with higher pay, longer hours and more benefits. By the end of 2018, higher wages will translate into higher prices as the labour pool shrinks.

scholarly journals The phenomenon of the precariat in the Polish labour market during Poland’s membership in the European Union

2017 ◽  
Vol 20 (8) ◽  
pp. 137-151
Author(s):  
Katarzyna Cymbranowicz
Keyword(s):  
European Union ◽  
Young People ◽  
Labour Market ◽  
Unemployment Rate ◽  
Social Group ◽  
The European Union ◽  
Job Market ◽  
Market Position ◽  
New Type ◽  
Labour Market Position

Studies of the scale of unemployment in Poland and in Europe conducted in recent years lead to the conclusion that one of the largest and growing problems of the modern labour market is the unemployment rate among young people. An unfavourable phenomenon related to this issue, which is increasingly often appearing in public debate, is the rising unemployment of graduates. Therefore, it is important to attempt to identify related phenomena in today’s job market, and one of such phenomena is the emergence of a new type of employee in the labour market, a member of the precarious class. The analysis aims to present the origins, nature and scale of the precariat phenomenon in Poland. The issue is described from the perspective of the labour market position of a selected social group, i.e. young people entering the labour market after finishing their education. The study attempted to identify factors that affect this phenomenon and the characteristics confirming the sense of its separateness in the labour market.

The Fight against Idleness

2018 ◽  
Author(s):  
Anthony F. Heath ◽  
Elisabeth Garratt ◽  
Ridhi Kashyap ◽  
Yaojun Li ◽  
Lindsay Richards
Keyword(s):  
Young People ◽  
Labour Market ◽  
Ethnic Minorities ◽  
Unemployment Rate ◽  
Low Income ◽  
Young Men ◽  
Dark Side ◽  
Educational Expansion ◽  
Left Behind ◽  
Wide Range

Unemployment has a wide range of adverse consequences over and above the effects of the low income which people out of work receive. In the first decades after the war Britain tended to have a lower unemployment rate than most peer countries but this changed in the 1980s and 1990s, when Britain’s unemployment rate surged during the two recessions—possibly as a result of policies designed to tackle inflation. The young, those with less education, and ethnic minorities have higher risks of unemployment and these risks are cumulative. The evidence suggests that the problems facing young men with only low qualifications became relatively worse in the 1990s and 2000s. This perhaps reflects the dark side of educational expansion, young people with low qualifications being left behind and exposed in the labour market.

Factors affecting level of unemployment in South Asia

2020 ◽  
Vol ahead-of-print (ahead-of-print) ◽  
Author(s):  
Aiza Shabbir ◽  
Shazia kousar ◽  
Muhammad Zubair Alam
Keyword(s):  
South Asian ◽  
Unemployment Rate ◽  
Significant Relationship ◽  
Good Governance ◽  
Asian Countries ◽  
Economic Variables ◽  
Content Type ◽  
Long Run ◽  
Short Run ◽  
The Government

PurposeThis study aims to investigate the short-run and long-run relationship between economic variables and the unemployment rate in South Asian countries.Design/methodology/approachA panel Vector Error Correction (VECM) model is used to establish the long-run and the short-run relationship between unemployment rate and selected economic variables. Data were collected from WDI, WGI and FDSD for the year's 1994–2016.FindingsThe finding of the study showed a negative and significant relationship at the 5% level of significance among governance, internet users, mobile cellular subscriptions, fixed broadband subscriptions and human capital with an unemployment rate of South Asian economies. On the other hand, financial activity (credit) and population growth have a positive and significant relationship with the unemployment rate.Research limitations/implicationsIn the light of our findings clear that employment problems can only be created if the government does not put in place adequate measures to control the population and allocate resources equitably, giving a sense of belonging to all citizens. Therefore, to provide the controlled population with the necessary employment opportunities, it is necessary to allocate resources efficiently and to launch projects aimed at creating jobs.Practical implicationsTransparency or merit is the basis of good governance and the very first step to achieving the goal of good governance is to fight against corruption. It provides a complete justification for providing good quality management records, financial controlling and managerial systems.Originality/valueThe connections between governance and unemployment are complex and need to be studied in a detailed manner. There is the absence of literature that strongly interfaces good governance to unemployment; the fundamental work in this regard is Farid (2015). They locate a solid relationship between good governance and improving external debt situation by in Pakistan a time series analysis. But there is no research in the context of South Asian countries between governance and unemployment.

French labour reform may be watered down further

2016 ◽  
Keyword(s):  
Public Opinion ◽  
Labour Market ◽  
Trade Unions ◽  
Right Wing ◽  
Content Type ◽  
Current State ◽  
Significant Step ◽  
Promotional Campaign ◽  
The Government ◽  
The Right

Significance The draft law was presented by Labour Minister Myriam El Khomry in late February and aims at introducing more flexibility in France's rigid labour market. The government has led a promotional campaign in favour of the reform, against a backdrop of opposition from trade unions, students and public opinion. Valls has watered down the most controversial proposals but even in its current state the proposed reform would be a significant step forward. Impacts The government will need to assemble a diverse majority spanning the centre-left to the centre-right in order to pass the draft law by July. Reformist trade unions support the revised version of the law but more militant unions maintain their opposition. The right wing and the main employer association oppose the revised draft which they consider not favourable enough to companies.

Thailand’s junta will face new governing pressures

2017 ◽  
Keyword(s):  
Economic Growth ◽  
Labour Market ◽  
Political Party ◽  
Negative Impact ◽  
Military Coup ◽  
Short Term ◽  
Biometric Data ◽  
Content Type ◽  
Investor Confidence ◽  
The Government

Significance This is an early move back towards elected politics following the mid-2014 military coup, and comes as recent corruption allegations, the possibility of a fifth cabinet reshuffle and concerns about the outlook for Thailand’s labour market are raising new questions about the NCPO government’s competence. This also comes as Thailand looks to a general election by November 2018 for which the NCPO may form a political party. Impacts Inadequacies in collecting biometric data for fisheries workers could draw renewed EU scrutiny and criticism. A cabinet reshuffle will not slow Thailand’s recent gains in economic growth. Media self-censorship means corruption allegations will likely not have a great negative impact on the government. Investor confidence is unlikely to be affected by corruption allegations in the short term.

Striving for job security

2015 ◽  
Vol 35 (5/6) ◽  
pp. 340-358 ◽  
Author(s):  
Ghada Barsoum
Keyword(s):  
Qualitative Research ◽  
Young People ◽  
Social Security ◽  
Lived Experience ◽  
Informal Economy ◽  
Social Protection ◽  
Primary Data ◽  
Content Type ◽  
The Government ◽  
Great Appreciation

Purpose – The purpose of this paper is twofold: first, it seeks to voice the concerns of educated youth in Egypt as they describe their work options and preferences. Second, it seeks to highlight the gravity of the policy gap in addressing work informality, drawing on some of the international experience in this field. Design/methodology/approach – Qualitative research in the form of in-depth interviews, desk-review of policies, and descriptive statistical analysis of a recent national survey of labour in Egypt. Findings – A large proportion of educated youth work within the realm of informality and there is a clear policy gap in addressing this issue. Contrary to what would be expected, young people value access to social security and work stability. They face systemic hurdles related to access to such benefits. Because of the legacy of guaranteed government hiring of the educated in Egypt, young people express a great appreciation of work in the government, for virtually being the only employer offering job stability and social security in the labour market. Research limitations/implications – This paper addresses a gap in the literature on youth employment in Egypt, where there is a dearth of research focusing on the lived experience of employment precariousness. The majority of studies in this field relies on statistics with little qualitative research voicing the views of this group. Practical implications – Reforms are more urgent than timely to extend social security and other measures of social protection to workers within the informal economy. Originality/value – The paper builds on primary data and provides insights about the way educated youth perceive their working conditions and options. The paper also provides a discussion of the social security system in Egypt, its coverage, and possible reform approaches.

scholarly journals Mind the Gap Between Higher Education and the Labour Market for Students with a Disability in the Netherlands: A Research Agenda

2018 ◽  
Vol 6 (4) ◽  
pp. 149-157
Author(s):  
Marjolein Büscher-Touwen ◽  
Marian De Groot ◽  
Lineke Van Hal
Keyword(s):  
Higher Education ◽  
Young People ◽  
The Netherlands ◽  
Labour Market ◽  
Unemployment Rate ◽  
Research Agenda ◽  
Research Data ◽  
Educational Institutions ◽  
Students With A Disability ◽  
Disability Research

The transition from higher education to the labour market is experienced as difficult by students with a disability. This gap between higher education and the labour market has tangible consequences for the participation of (young) people with a disability. Research shows that these students have a higher unemployment rate. This article addresses this gap by studying existing research data and by exploring experiences of students with a disability and other stakeholders as collected by the Dutch expert centre Handicap + Studie. We focus on the perspectives and responsibilities of the different parties involved: educational institutions, employers, municipalities, ministries and students with a disability. With this exercise, we want to contribute to putting this ‘gap’ and its stakeholders on the research agenda, arguing that more in-depth research on the transition from higher education to the labour market for students with a disability is needed. We will therefore conclude with themes that need to be researched in order to gain more knowledge for reducing the gap.

scholarly journals Rynek pracy i system edukacyjny. Zarys problematyki

2014 ◽  
pp. 159-176
Author(s):  
Alicja Michalska
Keyword(s):  
Young People ◽  
Labour Market ◽  
Member States ◽  
Active Population ◽  
Financial Conditions ◽  
Europe 2020 ◽  
Employment Education ◽  
The Government ◽  
Flexible Management ◽  
The Eu

In Poland and other European Union member states, young people are disfavoured by employers in the labour market. This applies to the forms of employment (flexible and fixed- term contracts) and its financial conditions. In 2013, the unemployment rate among economically active population under the age of 25 in the EU was 23.1%, while in Poland it amounted to 27 %. The problems of the young people in the labour market include the mismatch of skills sought by employers and the ones mastered by potential employees, the limited number of new jobs, as well as the discriminatory practices of employers towards young people. Young people classified as NEET (not in employment, education, training) generate considerable social costs. In 2010, 16.5 % of individuals in the 18–24 group and 19.7 % in the 25 29 group in the EU were classified as  NEETs. The EU supported the member states’ governments actions regarding young people via the Lisbon Strategy and the Europe 2020 Strategy. The EU also proposed a new model for flexible management of the labour market (the so-called flexicurity) to improve the efficiency of labour markets and to ensure more jobs while fostering social security of workers. In Poland, the Ministry of Labour and Social Policy implemented the government policy as well as the recommendations of the European Commission through the “Youth in the labour market” programme.

Cambodia education reform could help investors

2016 ◽  
Keyword(s):  
Education Reform ◽  
Value Added ◽  
Training And Education ◽  
Middle Income ◽  
Content Type ◽  
Automobile Assembly ◽  
The World Bank ◽  
The Government ◽  
Garment Manufacturing ◽  
New Jobs

Subject Education reform, labour supply and economic development in Cambodia. Significance Legislators passed the 2017 budget on November 22 with spending increases on vocational training and education. The government plans to move Cambodia into the upper-middle-income category (as defined by the World Bank) by 2030. This will require economic diversification, particularly away from agriculture and reliance on low-skilled garment manufacturing toward higher value-added activities such as automobile assembly and semiconductor production. This will need progressively more skilled labour, requiring education reforms. Impacts Improving Cambodia's skills base could attract more foreign investment and new jobs. US abandonment of the Trans-Pacific Partnership will reduce competition facing Cambodian manufacturing, for now. As economic opportunities develop, inward migration is possible, requiring urban and rural planning.

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